China online search leader Baidu (BIDU) plans to filter pirated versions of copyrighted movies and TV shows from its service, which an analyst says had become the biggest source for pirated content in China. Baidu and video website Qvod Technology were fined Monday by the National Copyright Administration of China, which said they provided access to pirated copyrighted material. “Piracy is a widespread problem in the domestic video industry,”
China search leader Baidu (BIDU), as well as video website Qvod Technology, were fined Monday for copyright infringement, with authorities saying the two companies’ media player software provided access to pirated videos. The companies were each fined about $41,240 by the National Copyright Administration of China, according to a representative of China online video company Youku Tudou (YOKU). Youku this year brought copyright infringement
Chinese online travel agency Ctrip.com International (CTRP) has had a strong November and December, with hotel bookings accelerating as millions of users downloaded the company’s mobile app, says an analyst. Ctrip stock was up 2.5% in midday trading in the stock market today, while competitor Qunar (QUNR), which is partially owned by Baidu (BIDU), was down 1.5%. Competitor eLong (LONG) traded about even. Shanghai-based Ctrip in early December